Russell Investments Group Ltd. Has $7.75 Million Stock Holdings in SiteOne Landscape Supply, Inc. (NYSE:SITE)

Russell Investments Group Ltd. decreased its position in SiteOne Landscape Supply, Inc. (NYSE:SITE) by 22.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,576 shares of the industrial products company’s stock after selling 13,945 shares during the period. Russell Investments Group Ltd. owned about 0.11% of SiteOne Landscape Supply worth $7,752,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC bought a new position in SiteOne Landscape Supply in the third quarter worth $26,000. Operose Advisors LLC acquired a new position in shares of SiteOne Landscape Supply in the 3rd quarter valued at $28,000. GAMMA Investing LLC bought a new position in shares of SiteOne Landscape Supply during the 4th quarter worth about $38,000. iA Global Asset Management Inc. acquired a new stake in shares of SiteOne Landscape Supply during the 3rd quarter valued at about $105,000. Finally, Signaturefd LLC increased its stake in SiteOne Landscape Supply by 127.4% in the third quarter. Signaturefd LLC now owns 723 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 405 shares during the period.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CFO John T. Guthrie sold 3,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO John T. Guthrie sold 3,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $180.00, for a total value of $540,000.00. Following the transaction, the chief financial officer now directly owns 15,467 shares in the company, valued at approximately $2,784,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Doug Black sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $176.35, for a total value of $1,763,500.00. Following the completion of the sale, the chief executive officer now owns 574,657 shares of the company’s stock, valued at approximately $101,340,761.95. The disclosure for this sale can be found here. Insiders sold a total of 23,000 shares of company stock worth $3,924,500 over the last three months. 2.60% of the stock is currently owned by company insiders.

SiteOne Landscape Supply Price Performance

SITE opened at $156.14 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.36 and a quick ratio of 0.96. The company’s 50 day simple moving average is $169.05 and its 200-day simple moving average is $157.07. SiteOne Landscape Supply, Inc. has a one year low of $116.81 and a one year high of $188.01. The stock has a market capitalization of $7.06 billion, a P/E ratio of 45.26 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.22). The firm had revenue of $904.80 million during the quarter, compared to the consensus estimate of $864.01 million. SiteOne Landscape Supply had a net margin of 3.63% and a return on equity of 10.77%. During the same quarter in the previous year, the business posted ($0.10) earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that SiteOne Landscape Supply, Inc. will post 4.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on SITE. Royal Bank of Canada lifted their price objective on SiteOne Landscape Supply from $150.00 to $157.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Stifel Nicolaus upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $167.00 to $165.00 in a research note on Thursday, May 2nd. Barclays reduced their target price on shares of SiteOne Landscape Supply from $145.00 to $133.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd. Robert W. Baird lifted their price target on shares of SiteOne Landscape Supply from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Truist Financial decreased their price objective on shares of SiteOne Landscape Supply from $204.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, SiteOne Landscape Supply has a consensus rating of “Hold” and a consensus target price of $167.50.

SiteOne Landscape Supply Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.